Infinium Global Research Pharmacovigilance and Drug Safety Software Market | Page 3

Pharmacovigilance and Drug Safety Software Market: Trends and Forecast -2024
growing occurrence of Rates of Adverse Drug Reactions (ADRs) are anticipated to
boost the growth of pharmacovigilance and drug safety software market.
The adoption of Pharmacovigilance software are rising vary rapidly across
numerous outsourcing firms to ensure the safe and effective manufacturing is likely
to contribute in the growth of pharmacovigilance and drug safety software market.
However, lack of skill workforce in the Pharmacovigilance is hampering the growth
of pharmacovigilance and drug safety software market. Moreover, ongoing
research and development activity to develop the effective software and growing
awareness about the benefits of pharmacovigilance and drug safety soft wares are
projected to create various growth opportunities in upcoming year.
Geographically, North America dominates the pharmacovigilance and drug safety
software market. The growing adoption of pharmacovigilance and drug safety
software, developed healthcare infrastructure and demand of new and safe drugs
are the key factors driving the growth of pharmacovigilance and drug safety
software market in North America. In addition, Asia Pacific is the fastest growing
region in the pharmacovigilance and drug safety software market owing to the
growing government investment in pharmaceutical secotor, rising demand of
pharmacovigilance and drug safety softwares from the various hospitals and clinics
and many others.
Segment Covered
The report on global pharmacovigilance and drug safety software market covers
segments such as, software, mode of delivery and end-user. On the basis of
software the global pharmacovigilance and drug safety software market is
categorized into adverse event reporting software, issue tracking software, fully
integrated software and drug safety audits software. On the basis of mode of
delivery the global pharmacovigilance and drug safety software market is
categorized into on-premise and cloud-based. On the basis of end-user the global
pharmacovigilance and drug safety software market is categorized into pharma &
biotech companies, contract research organizations (CROS), pharmacovigilance
service providers and business process outsourcing (BPO) firms.
Geographic Coverage
The countries covered in the North America region include the U.S., Canada, and
Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and
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